Yes, the bullish view should be there and yesterday’s low of 41,800 in the Nifty IT index is a strong support and I feel that that will not break and this is a short-term bottom for the index.
Nifty showed a bearish breakout from a symmetrical triangle, breaching key support at 23,260. Analysts project further downside to 22,700–22,800, with 23,000 as a critical
Upasna Bhardwaj, Chief Economist at Kotak Mahindra Bank, forecasts the rupee shifting towards 87 against the dollar. She projects GDP growth at 6.1% for FY25
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